JPMorgan Chase & Co. Buys 17,895 Shares of Southern Missouri Bancorp, Inc. (NASDAQ:SMBC)

JPMorgan Chase & Co. lifted its stake in Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) by 249.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,080 shares of the savings and loans company’s stock after purchasing an additional 17,895 shares during the period. JPMorgan Chase & Co. owned 0.22% of Southern Missouri Bancorp worth $1,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Southern Missouri Bancorp during the third quarter worth about $233,000. XTX Topco Ltd bought a new position in Southern Missouri Bancorp during the second quarter worth about $210,000. BNP Paribas Financial Markets lifted its holdings in Southern Missouri Bancorp by 139.5% during the third quarter. BNP Paribas Financial Markets now owns 4,673 shares of the savings and loans company’s stock worth $264,000 after acquiring an additional 2,722 shares in the last quarter. Zacks Investment Management bought a new position in Southern Missouri Bancorp during the third quarter worth about $273,000. Finally, Triune Financial Partners LLC bought a new position in Southern Missouri Bancorp during the third quarter worth about $328,000. 49.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SMBC has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stephens lifted their price target on Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th.

Southern Missouri Bancorp Stock Performance

SMBC opened at $56.55 on Friday. The business’s 50-day moving average price is $60.64 and its two-hundred day moving average price is $57.18. Southern Missouri Bancorp, Inc. has a 1 year low of $39.00 and a 1 year high of $68.69. The company has a market capitalization of $637.88 million, a price-to-earnings ratio of 13.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98.

Southern Missouri Bancorp (NASDAQ:SMBC) last released its quarterly earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). The firm had revenue of $74.55 million during the quarter, compared to analyst estimates of $42.48 million. Southern Missouri Bancorp had a net margin of 17.44% and a return on equity of 10.18%. Equities analysts expect that Southern Missouri Bancorp, Inc. will post 4.75 EPS for the current fiscal year.

Insider Activity at Southern Missouri Bancorp

In other Southern Missouri Bancorp news, Director William E. Young sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $59.90, for a total transaction of $179,700.00. Following the transaction, the director now owns 48,649 shares of the company’s stock, valued at $2,914,075.10. The trade was a 5.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.60% of the stock is owned by company insiders.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.